EU remains top buyer of Russian Arctic LNG despite 2027 phase-out pledge Russia’s Yamal LNG project continues to earn billions of euros from the EU, with new data revealing that more than three-quarters of the project’s liquefied natural gas exports in 2025 were delivered to EU terminals.

Russia’s Yamal LNG project continues to earn billions of euros from the EU, with new data revealing that more than three-quarters of the project’s liquefied natural gas exports in 2025 were delivered to EU terminals. Bne IntelliNews #EULNG #ArcticEnergy #YamalLNG #NaturalGas #EnergyTransition

2/2 Very pleased to discuss shared goals, opportunities and thoughts on the pathways forward with my Ontario energy counterpart Minister Stephen Lecce.
#arcticsecurity #arcticenergy #energy

Norway’s Johan Castberg oil field starts production in Arctic waters Investing.com -- The Johan Castberg oil development in the Barents Sea, Norway, valued at 86 billion kroner ($8.1 billion), has commenced operations. This is the second significant oil field in the country’s Arctic waters to start pumping. The project is being developed by Equinor ASA (NYSE:EQNR) and its partner Var Energi ASA. According to a statement released by Equinor on Monday, the field will reach a peak production of approximately 220,000 barrels of oil per day. The cost of the development is expected to be recouped in less than two years, while the field’s productive life is projected to last for 30 years. Kjetil Hove, Equinor’s executive vice president for exploration and production in Norway, stated in the release, "Johan Castberg opens a new region for oil recovery and will create more opportunities in the Barents Sea. We’ve already made new discoveries in the area and will keep exploring together with our partners.” Currently, 12 out of the total 30 wells at Johan Castberg are operational. Equinor anticipates that the field will reach plateau production in the second quarter of 2025. Equinor holds a 46% stake in the project, while Var Energi owns 30% and Petoro holds the remaining shares. The field is estimated to contain recoverable hydrocarbon volumes ranging from 450 to 650 million barrels. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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Call for Papers - International Green Energy Conference - IGEC All papers will be screened and reviewed by the conference Technical Committee under the direction of the International Advisory Committee. Eligible papers will be published in the Conference Proceedi...

Call for Papers now open!
The #IGEC25 will take place in Reykjavík, 12–15 Oct, focusing on green energy, AI & Arctic solutions.
Submit your abstract by 30 April: igec25.is/call-for-papers
#ArcticEnergy #EnergyAI #CallForPapers #IACN